All Forum Posts by: Teddy Shonka

Dave, welcome to BP... Love your story. We should definitely chat... I am from the same parts as you(Iowa and South Dakota).. Go Jackrabbits ;)... I've been investing and selling investment properties(1-4 plex, up to 150 unit multis, and fairly large SFH portfolios) for the past few years... The Multifamily space is extremely hot right now in the Phoenix market... Most of the A class properties in A Class areas are going to be selling at 4-6% true Caps. There is all kind of product out there with reposition opportunities where you have the ability to bring them to 8-10 caps but these deals are tyocially in C-B areas. Nevertheless you should shoot me an email when you get a chance so we can stay in touch and I'll bounce a few properties/ideas off you when they come across my desk. [email protected]

JP, shoot me an email to [email protected] and I will answer any question you may have! Would be happy to assist you and send you on the right path!

Not sure if this will get deleted but if you go to my website www.theshonkagroup.com under the partners tab, click on contractors & more and you will see 100s of contractors/vendors that have been recommended by fellow real estate professionals in Arizona!

The only title company I use for double closings is Driggs Title... I don't know of any others that allow it.

Originally posted by @Mercedes Coronado:

I live in Arizona and great us where I like to invest or in Springhills TN

 Mercedes, would love to network with you. I love sharing my experiences, knowledge, projects that I am currently working on. you can contact me at [email protected] if you'd like to connect! 

Would you mind sending me info on the bulk portfolio deal in AZ to [email protected] Thank you!

Steve, I have traditional lenders who will lend 70% ltv in your current situation with still very low interest rates.... I also have private money guys who will do 80-90% ltv but 12-18% interest. We have a plethora of good properties here in Arizona still if you have interest. There are also some smaller bulk portfolio deals out there that may interest you... Best of luck!

Its not too difficult.... shoot me an email if you want and I'll try to help you out.

This can easily be done, I've never put an investor into something that he wouldn't make a 7% cap or 10%+ cash on cash return.. contact me if you want some examples or spreadsheets to take a look at.

Where is the property at? Send me the info to [email protected]. I might buy it or have one of my guys buy it, if it makes sense. I see you are in SC.. I have a big fund there that might throw into their mix.. thanks